Abu Dhabi to withdraw its shareholding in Gulf Air

Travel News Asia 13 September 2005

The Governments of the Kingdom of Bahrain and the Sultanate of Oman have confirmed today that the Government of Abu Dhabi is to withdraw from its shareholding in Gulf Air.

There will be no change to Gulf Airs core approach to business or to its on-going business strategy as a result of the withdrawal of Abu Dhabi as a shareholder in the airline, said Gulf Air President and Chief Executive James Hogan today.

He said, For the wide Gulf Air family - our customers, our staff and our suppliers - the key issue is how we are run; and that will be business as usual.

We will continue to build upon our successes, enhancing our brand and our services to reinforce our position as the leading airline in the region.

In the last three years, we have made massive strides in our business performance. We have done that by focusing on our customers, on our staff and on our services. We will continue to do so into the future.

Mr Hogan welcomed the confirmation of continued support from the Kingdom of Bahrain and the Sultanate of Oman, he said,

I have been delighted to see such strong commitment from the Kingdom of Bahrain and the Sultanate of Oman and I thank them for their continued support. I look forward to reporting to them on the further successful development of the airline in the future.

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